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I NEED HELP.How do youcomplete the form 1040 using the information below? Taxpayer Information Name:John Washington & Debra Washington Filing Status:Married The following information is

I NEED HELP.How do youcomplete the form 1040 using the information below?

Taxpayer Information

Name:John Washington & Debra Washington Filing Status:Married

The following information is taken from John Washington's 2017 Form W-2 Wage and Tax Statement:

Box 1 - Wages, tips, and other compensation80,000

Box 2 - Federal Withholding12,500

Box 17 - State Income Tax Withholding2,000

The following information is taken from Debra Washington's 2017 Form W-2 Wage and Tax Statement:

Box 1 - Wages, tips, and other compensation42,000

Box 2 - Federal Withholding3,500

Box 17 - State Income Tax Withholding750

John had interest income from a savings account from Everest Bank of $500.00

Debra had dividend income of $550 from Blue Co. stock.

John sold 1,000 shares of Apex Co. for $ 12,000 on June 7, 2017, which he purchased on April 1, 2017 for 25,000

The income and expenses of the rental real estate unit are as follows: Rental income $12,000, Property taxes $1,500, Depreciation $1,000, Repairs and Maintenance $750, Insurance $2,000

1. Debra had educator expenses in 2017 of $450.00

2. John had gambling winnings of $1,000.

3.John was the beneficiary of his mother's life insurance policy.

His mother died in 2017 and he received $50,000 under this policy.

4.Debra paid $700 in student loan interest.

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